A Marble and Stone Fabrication Company

A granite/marble fabricator needed to finance the acquisition and equipping of a new manufacturing facility to move out of inefficient leased space.

Issues

  • The client was contributing 10% in equity for the project and needed 90% financing to make its ownership dream come true. Initially, the client was offering high returns to equity investors for injection of needed funds for the project.
  • The client had been denied financing by the banks that it had approached.

Solution

  • TFF advised the client on financial modeling and structuring and helped them qualify for an SBA loan with 90% financing, enabling them to avoid using high cost equity in the project. TFF arranged both the bank and SBA financing.

Benefit

  • In addition to arranging 90% financing, TFF also obtained various tax benefits to reduce the upfront and carrying costs of the project.